On May 18, following two successive days of losses, the Hang Seng Index kicked off the morning session with a drop of over 100 points. Subsequently, it experienced a downward fluctuation, hitting a trough of over 400 points at 25,505.71 points before staging a modest rebound. During the session, the Hang Seng Tech Index at one point plummeted by more than 2.5%. By the midday break, the Hang Seng Index had shed 1.35%, closing at 25,612.57 points, while the Hang Seng Tech Index retreated 2.08%, ending at 4,838.58 points. The overall market turnover for the Hang Seng Index amounted to HKD 161.257 billion. From a sectoral perspective, chip stocks put on a robust performance, with the memory chip sector taking the lead in gains. Meanwhile, sectors like optical communications, electronic components, and coal also registered notable increases. In contrast, sectors such as automobiles, pharmaceuticals, and non-ferrous metals were among the worst performers. Looking at individual stocks, GigaDevice Semiconductor (03986.HK) surged 8.64%, Lens Technology (06613.HK) climbed 8.94%, Radiance Holdings (09993.HK) rocketed by as much as 53.23%, and newly listed Yifei Technology (06871.HK) skyrocketed by 81.15%. On the flip side, Li Auto (02015.HK) tumbled 14.42%, Leapmotor (09863.HK) fell 10.88%, and Hengrui Medicine (01276.HK) dipped by 3.42%.